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NuVista Holds $21MM Private Offering to Fund Drilling
NuVista Energy Ltd. announced a private placement of up to 3.16 million common shares on a "flow-through" basis at a price of $6.65 per share for gross proceeds of approximately $21.0 million.
The purchasers shall be entitled to renunciations of Canadian Development Expenses (CDE). In addition, certain directors, officers and employees of the Company intend to acquire on a non-brokered basis up to 92,000 common shares on a "flow-through" basis for total proceeds of $0.6 million on the same terms. Total net proceeds to the Company, after expenses related to the Offering and the non-brokered private placement, are estimated to be approximately $21.5 million.
Proceeds from the Offering will be used to partially finance the Company's increased drilling and completion expenditures during the remainder of 2016.
Canada Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2019-10-01 | Journey Energy Taps Equity Markets for $7.3MM | Journey Energy Inc | 7.3 | Equity-Stock-Sales |
| 2018-10-16 | Pulse Oil Launches Equity Offerings; Eyes $8.0MM in Proceeds | Pulse Oil | 8 | Equity-Stock-Sales |
| 2018-06-11 | Saturn Taps into Equity Markets to Fund Viking Drilling | Saturn Oil and Gas Inc. | 1.34 | Equity-Stock-Sales |
| 2017-06-07 | Delphi Taps Equity Market for $65 Million | Delphi Energy Corp. | 65.3 | Equity-Stock-Sales |